EVRAZ reduced 6-month steel production by 0.7% to 6.936 mt

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AK&M 30 July 2020 21:50

In the first half of 2020, EVRAZ plc reduced steel production by 0.7% to 6.936 mt from 6.986 mt a year earlier, the company reported.

Run-of-mine coal production fell by 28.8% to 9.857 mt from 13.84 mt.

Sales of steel products increased by 1.5% to 6.605 mt from 6.51 mt.

EVRAZ is a vertically-integrated mining and metallurgical company with assets in Russia, Kazakhstan, the USA, Canada, the Czech Republic and Italy. The company is among the world's biggest steelmakers in terms of steel output.

IFRS net profit of Evraz Plc for 2019 decreased to $365 million from $2.47 billion in 2018. Consolidated EBITDA amounted to $2.601 billion decreasing by 31.1% from $3.777 billion in 2018, EBITDA margin dropped to 21.8% (29.4% in 2018).